PRF: Changes in the Management Board of AS Premia Foods


Stock Exchange News

21 September 2010

The Supervisory Board of AS Premia Foods, in its meeting held on 20 September
2010, decided to make changes in the Management Board of AS Premia Foods. Due
to the completion of work and projects agreed upon, chief financial officer
Andri Avila will leave the company and be recalled from the Management Board of
AS Premia Foods as of 1 November 2010. 

Mr. Avila joined AS Premia Foods on 8 March this year during preparations for
the initial public offering (IPO) of the company's shares and his primary work
assignments were facilitating the successful execution of the IPO, developing
the main principles of investor communications and implementing them after the
shares of AS Premia Foods were listed in the Main List of NASDAQ OMX Tallinn
Stock Exchange, developing a financial reporting system that meets stock
exchange requirements and restructuring the loan portfolio of the group. 

As of 1 November 2010 the position of chief financial officer of AS Premia
Foods will be assumed by Mr Erik Haavamäe, who has extensive experience in the
field of financial management, has been a member of the Supervisory Board of AS
Premia Foods since the founding of the company and is also a member of the
Supervisory Board in subsidiaries of the company such as AS Premia Tallinna
Külmhoone, OÜ Vettel, AS Saaremaa Kala, AS Premia FFL and OÜ TCS Invest. In
addition to that, Mr Haavamäe is a member of the Management Board of AS Premia
Foods subsidiaries AS Premia KPC and Heimon Kala OY. Having been involved with
AS Premia Foods and its subsidiaries for a long time, Mr Haavamäe has a good
overview of the objectives and management of the company and its subsidiaries. 
The curriculum vitae of Mr Erik Haavamäe and information on membership in the
managing bodies of other companies has been published in the prospectus of the
initial public offering of the shares of AS Premia Foods, which is available
via the information system of NASDAQ OMX Tallinn Stock Exchange and on the
website of AS Premia Foods at www.premiafoods.eu. Mr Erik Haavamäe owns 1,242
shares of AS Premia Foods that constitutes 0.0032% of all the shares of AS
Premia Foods. OÜ Kamakamaka, a company controlled by Mr. Erik Haavamäe owns
179,000 shares of AS Premia Foods that constitutes 0.4627% of all the shares of
AS Premia Foods. 

Additional information:
Kuldar Leis
AS Premia Foods
Chairman of the Management Board
Tel: 6 033 800
kuldar.leis@premia.ee
GlobeNewswire